Family owned businesses are almost exclusively small businesses and represent less than five percent of the S&P's 500 Index firms in the United States.

Question

Quizplus · Accepted Answer

While family owned businesses are often small businesses, they actually make up a significant portion of the S&P's 500 Index firms in the United States, with some estimates suggesting that up to one-third of these firms are family owned.

Family Owned Businesses Are Almost Exclusively Small Businesses and Represent